Financial Institutions(FISI) ZACKS·2024-12-17 18:01Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Financial Institutions (FISI) - FISI currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, FISI shares increased by 7.97%, while the Zacks Banks - Northeast industry declined by 0.89% [6] - In a longer timeframe, FISI shares rose by 13.19% over the past quarter and 41.56% over the past year, outperforming the S&P 500's gains of 8.14% and 30.36%, respectively [7] - The average 20-day trading volume for FISI is 119,379 shares, indicating a bullish sign with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for FISI show one upward revision for the full year, increasing the consensus estimate from 3.66 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive earnings outlook [10] - These factors contribute to FISI's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]